The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the VanEck Vectors Oil Services ETF (OIH) decreased 0.1% and 2.1%, respectively, on February 26–March 5, 2018. XLE and VDE declined 2.2% and 2%, respectively, during the same period. XOP outperformed the other energy ETFs. These ETFs have exposure to oil and gas companies.

Crude oil inventory report

On March 7, 2018, the EIA will release its crude oil inventory report. Bloomberg estimates that US oil inventories could have increased by 2.5 million barrels on February 23–March 2, 2018. A larger-than-expected increase in US crude oil inventories could pressure oil prices.